Can I retire at age 55 with 876,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $876,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$72,339$71,695$71,066$70,453$69,853$68,471
2 years$35,812$35,145$34,498$33,871$33,264$31,877
3 years$23,637$22,967$22,323$21,702$21,104$19,756
4 years$17,551$16,883$16,245$15,635$15,051$13,752
5 years$13,901$13,237$12,607$12,009$11,442$10,196
6 years$11,468$10,809$10,188$9,604$9,054$7,862
7 years$9,730$9,077$8,466$7,896$7,363$6,225
8 years$8,428$7,781$7,180$6,624$6,108$5,025
9 years$7,416$6,775$6,184$5,642$5,144$4,114
10 years$6,606$5,972$5,392$4,863$4,383$3,405
11 years$5,945$5,316$4,747$4,233$3,770$2,843
12 years$5,394$4,771$4,213$3,713$3,267$2,390
13 years$4,928$4,312$3,764$3,278$2,849$2,021
14 years$4,529$3,919$3,382$2,909$2,497$1,716
15 years$4,183$3,581$3,053$2,595$2,199$1,463
16 years$3,881$3,285$2,768$2,323$1,943$1,251
17 years$3,615$3,025$2,519$2,087$1,723$1,073
18 years$3,378$2,796$2,299$1,881$1,532$922
19 years$3,167$2,591$2,105$1,700$1,365$794
20 years$2,977$2,408$1,932$1,540$1,220$684
21 years$2,806$2,243$1,777$1,397$1,091$591
22 years$2,650$2,093$1,638$1,270$978$511
23 years$2,508$1,958$1,512$1,157$878$442
24 years$2,378$1,834$1,399$1,055$789$383
25 years$2,258$1,722$1,295$964$710$332
26 years$2,148$1,618$1,201$881$640$288
27 years$2,047$1,523$1,116$807$577$250
28 years$1,952$1,435$1,037$739$520$217
29 years$1,865$1,354$965$678$470$189
30 years$1,783$1,278$899$622$425$164
31 years$1,707$1,208$838$571$384$142
32 years$1,636$1,143$782$525$347$124
33 years$1,569$1,083$730$483$314$108
34 years$1,506$1,026$682$444$285$94
35 years$1,447$973$638$409$258$82
36 years$1,391$924$597$377$234$71
37 years$1,339$878$558$347$212$62
38 years$1,289$834$523$320$192$54
39 years$1,242$793$490$295$174$47
40 years$1,198$754$459$272$158$41
41 years$1,155$718$431$251$143$35
42 years$1,115$684$404$232$130$31
43 years$1,077$652$379$214$118$27
44 years$1,041$621$356$197$107$23
45 years$1,006$592$334$182$97$20
46 years$973$565$314$168$88$18
47 years$942$539$295$156$80$15
48 years$912$515$277$144$73$13
49 years$883$492$260$133$66$12
50 years$855$470$245$123$60$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $876,000, adding $5,611 every year, while hoping to spend $46,564 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 51/29/20 Blend
54$876,000$876,000$876,000$876,000
55$971,140$924,712$911,134$1,015,016
56$1,020,652$920,479$892,113$1,041,659
57$1,073,654$914,478$870,894$1,065,350
58$1,130,453$906,573$847,355$1,090,119
59$1,191,385$896,621$821,367$1,116,085
60$1,256,818$884,468$792,795$1,143,382
61$1,327,160$869,952$761,500$1,172,160
62$1,402,853$852,903$727,333$1,202,585
63$1,484,388$833,139$690,143$1,234,847
64$1,572,300$810,468$649,767$1,269,154
65$1,667,179$784,685$606,039$1,305,742
66$1,769,673$755,576$558,782$1,344,873
67$1,880,493$722,912$507,815$1,386,839
68$2,000,421$686,453$452,945$1,431,968
69$2,130,318$645,943$393,972$1,480,625
70$2,271,128$601,113$330,688$1,533,215
71$2,423,892$551,676$262,875$1,590,191
72$2,589,753$497,332$190,306$1,652,058
73$2,769,969$437,762$112,742$1,719,375
74$2,965,922$372,629$29,935$1,792,767
75$3,179,136$301,577$0$1,872,928
76$3,411,283$224,230$0$1,973,099
77$3,664,208$140,192$0$2,089,294
78$3,939,938$49,042$0$2,216,131
79$4,240,705$0$0$2,354,728
80$4,568,965$0$0$2,522,172
81$4,927,422$0$0$2,722,193
82$5,319,053$0$0$2,940,814
83$5,747,136$0$0$3,179,874
84$6,215,277$0$0$3,441,399
85$6,727,449$0$0$3,727,621
86$7,288,027$0$0$4,040,997
87$7,901,827$0$0$4,384,232
88$8,574,152$0$0$4,760,304
89$9,310,845$0$0$5,172,496
90$10,118,337$0$0$5,624,421
91$11,003,713$0$0$6,120,058
92$11,974,777$0$0$6,663,792
93$13,040,124$0$0$7,260,450
94$14,209,219$0$0$7,915,351
95$15,492,490$0$0$8,634,354
96$16,901,423$0$0$9,423,912
97$18,448,672$0$0$10,291,133
98$20,148,175$0$0$11,243,850
99$22,015,285$0$0$12,290,689
100$24,066,919$0$0$13,441,154